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Fiscal 2024 Financial Outlook
For fiscal 2024 (which includes the now completed second quarter) the Company expects:
"During the recently completed second quarter, our teams improved Adjusted EBITDA by 330 BPS to $72.3 million, or 15.3% of net sales, exceeding our expectations. Our team continues to deliver on the commitment to improving our results," said Paul Joachimczyk, Senior Vice President and Chief Financial Officer. "Given our strong performance for the first half of the fiscal year, we are increasing our full fiscal year 2024 Adjusted EBITDA outlook to $235 million to $250 million."
Our Adjusted EBITDA outlook excludes the impact of certain income and expense items that management believes are not part of underlying operations. These items may include restructuring costs, interest expense, stock-based compensation expense and certain tax items. Our management cannot estimate on a forward-looking basis the impact of these income and expense items on its reported net income, which could be significant, are difficult to predict, and may be highly variable. As a result, the Company does not provide a reconciliation to the closest corresponding GAAP financial measure for its Adjusted EBITDA outlook.
Posted In: AMWD
